M&A Deal Summary

Bel Acquires Enercon Technologies

On September 18, 2024, Bel acquired aerospace company Enercon Technologies from Fortissimo Capital

Acquisition Highlights
  • This is Bel’s 1st transaction in the Aerospace sector.
  • This is Bel’s 1st transaction in Israel.

M&A Deal Summary
Date 2024-09-18
Target Enercon Technologies
Sector Aerospace
Buyer(s) Bel
Sellers(s) Fortissimo Capital
Deal Type Add-on Acquisition
Advisor(s) Citi (Financial)
Gornitzky & Co. (Legal)

Target

Enercon Technologies

Netanya, Israel
Enercon Technologies is a designer/manufacturer of custom power supplies for the aerospace and defense industries. It offers a variety of customized and MOTS (Modified off-the Shelf) power supplies and specializes in DC/DC power supplies, AC/DC converts. Enercon Technologies is based in Netanya, Israel.

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Buyer(S) 1

Buyer

Bel

West Orange, New Jersey, United States
Category Company
Founded 1949
Sector Electronics
Employees5,260
Revenue 640M USD (2023)
DESCRIPTION

Bel is a designer and manufacturer of products used in networking, telecommunications, high-speed data transmission, commercial aerospace, military, transportation, and consumer electronics. Bel was founded in 1949 and is based in West Orange, New Jersey.

DEAL STATS #
Overall 18 of 18
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 8 of 8
Country (Israel) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-06 innolectric

Bochum, Germany

innolectric is an operator of a platform-based business in the field of power electronics for eMobility and in particular the on-board fast-charging for commercial vehicles. innolectric was founded in 2016 and is based in Bochum, Germany.

Buy -

Seller(S) 1

SELLER

Fortissimo Capital

Tel Aviv, Israel

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Fortissimo Capital is a private equity firm that targets investments in private and public Israeli companies. The Firm looks to invest in technology-based and industrial companies that require capital to expand. Fortissimo focuses on companies operating in high growth markets with proven sales, consistent revenue streams, and strong customer bases. Fortissimo will consider a variety of transaction situations including spinouts, selling shareholders, growth capital financings, and special situations. Fortissimo Capital was formed in 2004 and is based in Tel Aviv.

DEAL STATS #
Overall 12 of 13
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 6 of 7
Country (Israel) 8 of 9
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 4RF

Wellington, New Zealand

4RF provides radio communications equipment for critical infrastructure applications. Customers include utilities, oil and gas companies, transport companies, telecommunications operators, international aid organizations, and public safety organizations. 4RF was founded in 1998 and is based in Wellington, New Zealand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-22 Green Invoice

Tel Aviv, Israel

Green Invoice focused on developing an entire ecosystem, based on advanced technologies, aiming to provide a solution for most needs and challenges of freelancers and small businesses. Small and medium businesses make up the bulk of its clientele, but it also service local large companies such as Hamashbir Lazarchan, BuyMe, Max Brener, Gottex, and ShookIt. Green Invoice was formed in 2011 and is based in Tel Aviv, Israel.

Sell -
Mergr

Product

Company

Legal